Canada’s central bank governor said a temporary agreement between the United States and Iran to end the conflict and allow crude oil shipments through the Strait of Hormuz was a welcome development for the global economy.
According to Jin10, Bank of Canada Governor Tiff Macklem made the remarks in a speech on global imbalances, adding that “global energy prices have started to decline,” although many issues still needed to be resolved.
Canada’s inflation rate accelerated in May, reaching its highest level since 2023, driven by rising gasoline prices. Economists said the immediate pullback in energy prices should soften headline inflation, and noted that core CPI appeared to be under control, which could provide additional reassurance to the Bank of Canada.
Global Energy Prices Begin to Ease After U.S.-Iran Temporary Deal, Canada Central Bank Governor Says
2026-06-23 22:20:06
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
